OVERVIEW INFORMATION - LONGSHORE RESOURCES LTD. PROPERTY DIVESTITURE - Sayer Energy Advisors
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LONGSHORE RESOURCES LTD.
PROPERTY DIVESTITURE
OVERVIEW
INFORMATION
Bid Deadline: 12:00 pm March 10, 2022
Property Divestiture
BID DEADLINE: 12:00 pm March 10, 2022
Property Divestiture:
Consort/Provost Alberta Area
352 bbl/d, 738 Mcf/d (465 boe/d)
Sayer Energy Advisors has been engaged
to assist Longshore Resources Ltd.
(“Longshore” or the “Company”) with the sale
of its non-core oil and natural gas interests
located in the Consort/Provost area of
Alberta (the “Property”).
Production net to the Company from
Consort/Provost for the last six months of
2021 averaged approximately 352 barrels of
oil and natural gas liquids per day and
738 Mcf/d of natural gas (465 boe/d).
Production is primarily from the Viking
Formation.
Operating income net to Longshore for the
last six months of 2021 averaged
approximately $240,000 per month, or
$2.9 million on an annualized basis.
The original oil in place (OOIP) at Consort/Provost is greater than 300 million barrels with the majority located in
the Hamilton Lake Viking Sand B Pool Unit (>200 million barrels). Longshore has a 100% working interest in
the Unit. To date, the Unit, which was under waterflood from the early 1970s to the early 1980s, has cumulative
oil production of 16.7 million barrels, primarily from the Viking C sand with a current recovery factor of
approximately 8% within the Unit. Further upside exists with additional locations in unswept areas across both
the Hamilton Lake Viking Sand B Pool Unit and the larger Consort/Provost acreage.
PROCESS & TIMELINE
Sayer Energy Advisors is accepting offers relating to the process until 12:00 pm on Thursday
March 10, 2022.
Timeline
Week of January 31, 2022 Preliminary Information Distributed
Week of February 7, 2022 Data Room Opens
March 10, 2022 12:00 noon Bid Deadline
March 1, 2022 Effective Date
March/April 2022 Closing Date
Sayer Energy Advisors does not conduct a “second-round” bidding process; the intention is to attempt to conclude
transaction(s) with the party(ies) submitting the most acceptable proposal(s) at the conclusion of the process.
Sayer Energy Advisors is accepting offers from interested parties
until noon on Thursday March 10, 2022.
© Sayer Energy Advisors 2022 1620, 540 – 5th Avenue SW, Calgary, Alberta Canada T2P 0M2
Tel: 403.266.6133 Fax: 403.266.4467 www.sayeradvisors.com
BID DEADLINE: 12:00 pm March 10, 2022 Property Divestiture
Consort/Provost Property Township 30-37, Range 1-12 W4
At Consort/Provost, Longshore holds high, primarily operated working interests including its 100% working
interest in the Hamilton Lake Viking Sand B Pool Unit.
The Viking Formation consists of the primary shoreline sand packages defined as Viking A, B and C sands
across Consort/Provost. Hundreds of public well logs and core data comprise a thorough dataset to evaluate
this asset. Further geological details, including core photos and interpretation are available for parties that sign
a confidentiality agreement.
Hamilton Lake/Veteran/Consort – Viking Map
1620, 540 – 5th Avenue SW, Calgary, Alberta Canada T2P 0M2
Tel: 403.266.6133 Fax: 403.266.4467 www.sayeradvisors.com
BID DEADLINE: 12:00 pm March 10, 2022 Property Divestiture
Longshore Provost 100/10-34-035-10W4/0 – Viking Formation Type Log
Historically, vertical production at Consort/Provost targeted both the regional Viking C sand and the Viking B
sand where developed. More recently, current operators in the area target the Viking C and B with horizontal
wells, some over a mile long.
The Viking A is a potential horizontal development target in defined oil areas at Consort/Provost (Viking A oil
production is prolific to the east in the Veteran area by Karve Energy Inc. and Tamarack Valley Energy Ltd.).
Consort/Provost LMR as of December 4, 2021
As of December 4, 2021, Longshore’s net deemed asset value for Consort/Provost was $5.0 million (deemed
assets of $16.9 million and deemed liabilities of $11.9 million), with an LMR ratio of 1.42.
Consort/Provost Reserves
McDaniel & Associates Consultants Ltd. (“McDaniel”) prepared an independent reserves evaluation of
Longshore’s properties as part of the Company’s year-end reporting (the “McDaniel Report”). The McDaniel
Report is effective December 31, 2021 using an average of McDaniel, GLJ Ltd. and Sproule Associates Limited’s
January 1, 2022 forecast pricing. The numbers quoted below are preliminary as the McDaniel Report has
not been finalized.
McDaniel estimates that, as of December 31, 2021, the Consort/Provost property contained remaining proved
plus probable reserves of 557,000 barrels of oil and natural gas liquids and 1.7 Bcf of natural gas (848,000 boe),
with an estimated net present value of $5.0 million using forecast pricing at a 10% discount.
The asset retirement obligation numbers are not included in the reserve calculations in the following table.
McDaniel & Associates Consultants Ltd. as of December 31, 2021
COMPANY GROSS RESERVES PV BEFORE TAX
Oil Natural Gas Ngl Total 5% 10% 15%
Mbbl MMcf Mbbl MBOE (000s)
Proved Developed Producing 417 1,337 11 650 $3,794 $3,517 $3,289
Proved Undeveloped 0 0 0 0 $0 $0 $0
Total Proved 417 1,337 11 650 $3,794 $3,517 $3,289
Probable 126 409 3 198 $1,795 $1,442 $1,187
Total Proved Plus Probable 543 1,746 14 848 $5,589 $4,959 $4,475
The reserve estimates and forecasts of production and revenues for the Company’s properties were prepared within the context of the Company’s
year-end evaluation, which was an evaluation of all of the Company’s properties in aggregate. Extraction and use of any individual property
evaluation outside of this context may not be appropriate without supplementary due diligence. Values in the “Total” row may not correspond
to the total of the values presented due to rounding.
1620, 540 – 5th Avenue SW, Calgary, Alberta Canada T2P 0M2
Tel: 403.266.6133 Fax: 403.266.4467 www.sayeradvisors.com
BID DEADLINE: 12:00 pm March 10, 2022 Property Divestiture
Longshore Resources Ltd.
Property Divestiture
Winter 2022
CONTACT
Parties wishing to receive access to the confidential information with detailed technical information relating to
this opportunity should execute the confidentiality agreement which is available on Sayer Energy Advisors’
website (www.sayeradvisors.com) and return one copy to Sayer Energy Advisors by courier, email
(brye@sayeradvisors.com) or fax (403.266.4467).
Included in the confidential information is the following: summary land information, the McDaniel Report, LMR
information, most recent net operations summary, detailed facilities information and other relevant technical
information.
To receive further information on the Property please contact Ben Rye, Tom Pavic or Grazina Palmer at
403.266.6133.
1620, 540 – 5th Avenue SW, Calgary, Alberta Canada T2P 0M2
Tel: 403.266.6133 Fax: 403.266.4467 www.sayeradvisors.com
Deadline 12:00 pm March 10, 2022 Page 1
Overview
Sayer Energy Advisors has been engaged to assist Longshore Resources Ltd. (“Longshore” or the
“Company”) with the sale of its non-core oil and natural gas interests located in the Consort/Provost
area of Alberta (the “Property”).
Overview Map Showing Location of the Divestiture Property
© Sayer Energy Advisors 2022 1620, 540 – 5th Avenue SW, Calgary, Alberta Canada T2P 0M2
Tel: 403.266.6133 Fax: 403.266.4467 www.sayeradvisors.com
Deadline 12:00 pm March 10, 2022 Page 2
Consort/Provost Property Township 30-37, Range 1-12 W4
At Consort/Provost, Longshore holds high, primarily operated working interests including its 100%
working interest in the Hamilton Lake Viking Sand B Pool Unit.
Production net to the Company from Consort/Provost for the last six months of 2021 averaged
approximately 352 barrels of oil and natural gas liquids per day and 738 Mcf/d of natural gas
(465 boe/d). Production is primarily from the Viking Formation.
Operating income net to Longshore for the last six months of 2021 averaged approximately $240,000
per month, or $2.9 million on an annualized basis.
The original oil in place (OOIP) at Consort/Provost is greater than 300 million barrels with the majority
located in the Hamilton Lake Viking Sand B Pool Unit (>200 million barrels). To date, the Unit, which
was under waterflood from the early 1970s to early 1980s, has cumulative oil production of 16.7 million
barrels, primarily from the Viking C sand with a current recovery factor of approximately 8% within the
Unit.
Further upside exists with additional locations in unswept areas across both the Hamilton Lake Viking
Sand B Pool Unit and the larger Consort/Provost acreage.
© Sayer Energy Advisors 2022 1620, 540 – 5th Avenue SW, Calgary, Alberta Canada T2P 0M2
Tel: 403.266.6133 Fax: 403.266.4467 www.sayeradvisors.com
Deadline 12:00 pm March 10, 2022 Page 3
Consort/Provost Geology
The Viking Formation consists of the primary shoreline sand packages defined as Viking A, B and C
sands across Consort/Provost. Hundreds of public well logs and core data comprise a thorough dataset
to evaluate this asset. Further geological details, including core photos and interpretation are available
for parties that sign a confidentiality agreement.
Hamilton Lake/Veteran/Consort – Viking Map
Longshore Provost 100/10-34-035-10W4/0 – Viking Formation Type Log
© Sayer Energy Advisors 2022 1620, 540 – 5th Avenue SW, Calgary, Alberta Canada T2P 0M2
Tel: 403.266.6133 Fax: 403.266.4467 www.sayeradvisors.com
Deadline 12:00 pm March 10, 2022 Page 4
The following cross-section shows the Viking Formation reservoirs and targets.
Historically, vertical production at Consort/Provost targeted both the regional Viking C sand and the
Viking B sand where developed. More recently, current operators in the area target the Viking C and
B with horizontal wells, some over a mile long.
The Viking A is a potential horizontal development target in defined oil areas at Consort/Provost (Viking
A oil production is prolific to the east in the Veteran area by Karve Energy Inc. and Tamarack Valley
Energy Ltd.).
The map below shows the cross section from A-A’ across Longshore’s lands at Consort/Provost.
© Sayer Energy Advisors 2022 1620, 540 – 5th Avenue SW, Calgary, Alberta Canada T2P 0M2
Tel: 403.266.6133 Fax: 403.266.4467 www.sayeradvisors.com
Deadline 12:00 pm March 10, 2022 Page 5
Consort/Provost, Alberta
Gross Production Group Plot of Longshore’s Oil and Natural Gas Wells
© Sayer Energy Advisors 2022 1620, 540 – 5th Avenue SW, Calgary, Alberta Canada T2P 0M2
Tel: 403.266.6133 Fax: 403.266.4467 www.sayeradvisors.comDeadline 12:00 pm March 10, 2022 Page 6
Consort/Provost Seismic
Longshore has ownership in various proprietary 2D seismic over a portion of its lands at
Consort/Provost as illustrated on the following plat. The Company’s interpretations of the seismic are
available for viewing on a workstation by parties which have executed a confidentiality agreement.
Consort/Provost, Alberta – Longshore Seismic Ownership
As a member of The Association of Professional Engineers and Geoscientists of Alberta (“APEGA”), Sayer Energy Advisors adheres to
the “Guidelines for Ethical Use of Geophysical Data” which APEGA first published in May 2010. The complete document summarizing
the APEGA guidelines can be downloaded from APEGA’s website, where it can be found at
https://www.apega.ca/assets/PDFs/geophysical-data.pdf. In order to ensure that the rights of all data owners are recognized and
respected, the copying of data and the opportunity to view uninterpreted licensed data are activities that are not permitted in a Sayer Data
Room.
© Sayer Energy Advisors 2022 1620, 540 – 5th Avenue SW, Calgary, Alberta Canada T2P 0M2
Tel: 403.266.6133 Fax: 403.266.4467 www.sayeradvisors.comDeadline 12:00 pm March 10, 2022 Page 7
Consort/Provost Facilities
Longshore holds an interest in the following facilities at Consort/Provost.
© Sayer Energy Advisors 2022 1620, 540 – 5th Avenue SW, Calgary, Alberta Canada T2P 0M2
Tel: 403.266.6133 Fax: 403.266.4467 www.sayeradvisors.comDeadline 12:00 pm March 10, 2022 Page 8
License Longshore
Surface Location Operator Facility Type W.I. %
Number
F43278 00/04-35-030-01W4 Longshore Multi-Well Battery 75%
F45529 00/08-18-036-11W4 Longshore Satellite 100%
F46635 00/08-10-036-11W4 Longshore Multi-Well Gas Battery 100%
F48749 00/09-35-035-10W4 Longshore Multi-Well Battery 100%
F48775 00/06-04-036-10W4 Longshore Satellite 100%
F48806 00/04-27-036-11W4 Longshore Multi-Well Battery 100%
F48818 00/04-27-035-10W4 Longshore Multi-Well Battery/Injector 100%
F51253 02/04-27-035-10W4 Longshore Multi-Well Battery/Injector 100%
F49960 00/11-19-036-11W4 Longshore Satellite 100%
F05043 00/10-20-035-10W4 Longshore Satellite 100%
F05052 00/12-27-035-10W4 Longshore Satellite 100%
F05053 00/14-28-035-10W4 Longshore Satellite 100%
F05055 00/12-32-035-10W4 Longshore Satellite 100%
F05057 00/10-34-035-10W4 Longshore Multi-Well Battery 100%
F50972 00/03-26-035-11W4 Longshore Multi-Well Battery 100%
F50990 00/04-19-035-10W4 Longshore Multi-Well Battery 100%
F05550 00/04-04-036-10W4 Longshore Satellite 100%
F05551 00/04-06-036-10W4 Longshore Abandoned 100%
F05552 00/10-01-036-11W4 Longshore Satellite 100%
F05554 00/12-11-036-11W4 Longshore Satellite 100%
F05555 00/10-16-036-11W4 Longshore Satellite 100%
F05556 00/12-19-036-11W4 Longshore Satellite 100%
F05557 00/01-20-036-11W4 Longshore Satellite 100%
© Sayer Energy Advisors 2022 1620, 540 – 5th Avenue SW, Calgary, Alberta Canada T2P 0M2
Tel: 403.266.6133 Fax: 403.266.4467 www.sayeradvisors.comDeadline 12:00 pm March 10, 2022 Page 9
Consort/Provost Marketing
Longshore has an agreement in place with Inter Pipeline Ltd. until August 2024, whereby oil is trucked
from the Company’s batteries at Consort/Provost to the Inter Pipe Throne Station located at 11-03-036-
10W4. The oil is sold as either a sweet or a sour volume depending on pricing and Longshore has
optionality to gauge this monthly.
Natural gas flows to a Karve gas processing facility and is added to Longshore’s NGTL NIT account in
which Longshore markets its own natural gas daily through the Castor meter station (1397). Longshore
produces roughly 20 e3m3/day and has approximately 12 e3m3 of firm service with TC Energy on a firm
transportation-receipt basis.
Consort/Provost Reserves
McDaniel & Associates Consultants Ltd. (“McDaniel”) prepared an independent reserves evaluation of
Longshore’s properties as part of the Company’s year-end reporting (the “McDaniel Report”). The
McDaniel Report is effective December 31, 2021 using an average of McDaniel, GLJ Ltd. and Sproule
Associates Limited’s January 1, 2022 forecast pricing. The numbers quoted below are preliminary
as the McDaniel Report has not been finalized.
McDaniel estimates that, as of December 31, 2021, the Consort/Provost property contained remaining
proved plus probable reserves of 557,000 barrels of oil and natural gas liquids and 1.7 Bcf of natural
gas (848,000 boe), with an estimated net present value of $5.0 million using forecast pricing at a 10%
discount.
The asset retirement obligation numbers are not included in the reserve calculations in the following
table.
McDaniel & Associates Consultants Ltd. as of December 31, 2021
COMPANY GROSS RESERVES PV BEFORE TAX
Oil Natural Gas Ngl Total 5% 10% 15%
Mbbl MMcf Mbbl MBOE (000s)
Proved Developed Producing 417 1,337 11 650 $3,794 $3,517 $3,289
Proved Undeveloped 0 0 0 0 $0 $0 $0
Total Proved 417 1,337 11 650 $3,794 $3,517 $3,289
Probable 126 409 3 198 $1,795 $1,442 $1,187
Total Proved Plus Probable 543 1,746 14 848 $5,589 $4,959 $4,475
The reserve estimates and forecasts of production and revenues for the Company’s properties were prepared within the context of the Company’s
year-end evaluation, which was an evaluation of all of the Company’s properties in aggregate. Extraction and use of any individual property
evaluation outside of this context may not be appropriate without supplementary due diligence. Values in the “Total” row may not correspond
to the total of the values presented due to rounding.
© Sayer Energy Advisors 2022 1620, 540 – 5th Avenue SW, Calgary, Alberta Canada T2P 0M2
Tel: 403.266.6133 Fax: 403.266.4467 www.sayeradvisors.comDeadline 12:00 pm March 10, 2022 Page 10
Consort/Provost LMR as of December 4, 2021
As of December 4, 2021, Longshore’s net deemed asset value for Consort/Provost was $5.0 million
(deemed assets of $16.9 million and deemed liabilities of $11.9 million), with an LMR ratio of 1.42.
Deemed Assets Deemed Liabilities Net Deemed Assets LMR
$16,897,594 $11,902,227 $4,995,367 1.42
Consort/Provost Well List
See well list in Excel.
© Sayer Energy Advisors 2022 1620, 540 – 5th Avenue SW, Calgary, Alberta Canada T2P 0M2
Tel: 403.266.6133 Fax: 403.266.4467 www.sayeradvisors.comRECIPIENT COMPANY LETTERHEAD
___________________, 2022
Longshore Resources Ltd.
c/o Sayer Energy Advisors
1620, 540 - 5th Avenue SW
Calgary, Alberta T2P 0M2
Attention: Ben Rye
Re: Confidentiality Agreement
Non-Core Property Divestiture
____________________ (“Recipient”) has expressed an interest in the purchase of certain oil and
natural gas interests owned by Longshore Resources Ltd. (“Longshore”) in the Consort/Provost area of
Alberta (the “Property”). Longshore is prepared to provide the Recipient access to certain information
relating to the Property, including but not limited to land schedules, geological and geophysical
information and other documentation (“Confidential Information”). In consideration of Longshore
providing the Confidential Information, Recipient agrees as follows:
1. Recipient acknowledges that all Confidential Information provided to Recipient is proprietary to
Longshore and its joint venture partners except for Confidential Information which is set out and
described in Clause 6.
2. The Confidential Information shall be kept in the strictest of confidence and shall not be used for
any purpose whatsoever other than evaluating a possible transaction between Recipient and
Longshore. The Confidential Information shall not be disclosed to any person other than
Recipient and to such of its directors, employees, agents, consultants, representatives and
advisors (the “Representatives”) who have a need to know such information for the purpose of
appraising the Property. Recipient shall take all steps that are necessary to ensure that its
Representatives are aware of the terms and conditions of this Agreement and that such terms
and conditions are binding upon any and all of its Representatives. Upon request, Recipient shall
provide Longshore with a list of the Representatives who have received the Confidential
Information.
3. Recipient agrees that it and its Representatives shall not disclose to any person or publish or
disperse in any form, any terms, conditions or other facts with respect to any possible transaction
relating to the Property for which the Confidential Information was disclosed.
4. If the Recipient makes a request to view seismic data as part of its review of a possible
transaction involving the Property, as the case may be, and Longshore provides such access,
the Recipient warrants that under no circumstances will it allow its Representatives to copy,
remove, take away or otherwise reproduce any of the seismic data or derivatives thereof that
such Representatives have been given access to hereunder. This would include, but not be
limited to, an absolute restriction against the use of electronic equipment to produce photographs
or other digital copy or reproductions of any of the affected seismic data and or photocopies,
sketches or tracings of such affected seismic data. No electronic devices, cameras, USB
devices, laptops or cellphones with photographic capability may be brought into the dataroom or
an area where data is disclosed.SAYER ENERGY ADVISORS LONGSHORE RESOURCES LTD.
Non-Core Property Divestiture Winter 2022
5. Notwithstanding the foregoing terms, Recipient shall be permitted to disclose such Confidential
Information that is required to be disclosed pursuant to any law, rule or regulation. In the event
that Recipient receives a request or legal directive to disclose Confidential Information, Recipient
shall promptly provide written and verbal notification to Longshore of such a request. Recipient
shall consult with Longshore on the advisability of taking steps to resist or narrow such request
or directive. If disclosure is deemed advisable, Recipient shall cooperate with Longshore in any
attempt that Longshore may make to obtain an order or other reliable assurance that confidential
treatment will be accorded by the requesting or directing party to the information required to be
disclosed.
6. The restrictions set forth in Clauses 2 and 3 above shall not apply to any part of the Confidential
Information which is:
(a) now in the public domain or becomes part of the public domain other than through an act
of the Recipient or its Representatives; or
(b) in the lawful possession of the Recipient prior to its disclosure by Longshore; or
(c) subject to disclosure required by law, rule or regulation provided that Longshore is given
notice pursuant to Clause 5 prior to such disclosure; or
(d) made available to the Recipient or its Representatives from a source who may
reasonably be believed to legally hold such information and who is not bound to
Longshore under a confidentiality agreement.
7. Recipient acknowledges the competitive value of the Confidential Information. Accordingly,
without limitation and in addition to any rights of Longshore and its joint venture partners against
the Recipient arising by any breach hereof, the Recipient shall:
(a) be liable to Longshore for all losses, costs, damages and expenses whatsoever which
they may suffer, sustain, pay or incur; and in addition,
(b) indemnify Longshore against any and all actions, proceedings, claims, demands, losses,
costs, damages and expenses whatsoever which may be brought against or suffered by
Longshore or which Longshore may suffer, sustain, pay or incur;
resulting from disclosure by the Recipient, or its Representatives, of all or any part or parts of
the Confidential Information.
8. At any time, at the request of Longshore, Recipient shall immediately return or cause to be
returned to Longshore all of the Confidential Information which may have been released to the
Recipient. Recipient shall not retain any copies or other reproductions or extracts of the
Confidential Information. Furthermore, Recipient shall, if so requested by Longshore, provide
certification from an officer of the Recipient to Longshore that the terms and conditions of this
Clause have been complied with. The Recipient will return all requested Confidential Information
except to the extent that computer systems are back-up or archived. The Recipient will be able
to retain a copy of any analysis of Confidential Information in respect to a possible transaction
with Longshore for any internal management and/or board of directors recommendations or
approvals.
9. Recipient understands and agrees that no contract or agreement providing for the sale of the
Property shall be deemed to exist between the Recipient and Longshore unless and until a
definitive offer to purchase has been accepted in writing by Longshore. For greater clarity the
Recipient acknowledges that this Agreement does not constitute a definitive offer to purchase.
Recipient hereby waives, in advance, any claims (including, without limitation, breach ofSAYER ENERGY ADVISORS LONGSHORE RESOURCES LTD.
Non-Core Property Divestiture Winter 2022
contract) in connection with the sale of the Property unless and until a definitive offer to purchase
from Recipient has been accepted in writing by Longshore.
10. This Confidentiality Agreement shall remain in force for a period of one year from the date hereof,
or until such time as all of the Confidential Information becomes part of the public domain through
conventional processes and through no violation of this Agreement, whichever comes first.
11. Recipient understands that in providing access to the Confidential Information, Longshore makes
no representation or warranty as to the accuracy or completeness of the Confidential
Information. Recipient agrees that neither Longshore nor anyone representing Longshore shall
have any liability to the Recipient or any of its Representatives as a result of the use of the
information by it or its Representatives.
12. This Agreement shall be construed and determined according to the laws of the Province of
Alberta.
13. Recipient acknowledges and agrees that Longshore may be irreparably injured by a breach of
this Confidentiality Agreement that could not be adequately compensated for by damages.
Longshore and its joint venture partners shall be entitled to equitable relief, including injunctive
relief and specific performance, in the event of a breach of any of the provisions of this
Confidentiality Agreement. Such remedies shall be in addition to all other remedies available at
law or in equity.
14. Recipient understands and agrees that:
(a) Longshore shall be free to conduct the process for the sale of the Property in its sole
discretion and shall determine, without limitation, the course and nature of negotiations
with any prospective buyer and the acceptance of a definitive offer to purchase without
prior notice to the Recipient, its Representatives or any other person or corporate entity;
and
(b) Recipient shall not have any claims whatsoever against Longshore or any of its directors,
officers, stockholders, owners, affiliates, representatives, advisors or agents arising out
of or relating to the sale of the Property other than as a party to a definitive offer to
purchase accepted in writing by Longshore and then only against Longshore and in
accordance with the terms of said offer to purchase.
15. Recipient hereby acknowledges that it is aware and that it will advise its Representatives privy
to the Confidential Information that applicable security laws prohibit any person who has received
from an issuer material, non-public information concerning the matters which are the subject of
this Agreement from purchasing or selling securities of such issuer or from communicating such
information to any other person, under circumstances in which it is reasonably foreseeable that
such person is likely to purchase or sell such securities.
16. Recipient shall not initiate or arrange, directly or indirectly, or maintain contact regarding
Longshore’s business operations, prospects or finances (except as contemplated herein and for
those contacts made in the ordinary course of business unrelated to the possible transaction)
with any officer, director, employee, consultant or other representative of Longshore, or with any
customer, supplier, sales representative, or competitor of Longshore except with the express
written permission of Longshore. Any such permission granted by Longshore may be revoked
at any time.SAYER ENERGY ADVISORS LONGSHORE RESOURCES LTD.
Non-Core Property Divestiture Winter 2022
17. If any provision of this agreement is wholly or partially unenforceable for any reason, such
unenforceability shall not affect the enforceability of the balance of this Confidentiality
Agreement.
18. This Confidentiality Agreement shall be binding upon, and enure to the benefit of, the parties
hereto, and their respective successors and permitted assigns.
The Recipient accepts the Confidential Information to be provided relating to the Property subject to the
terms and conditions set forth in this Confidentiality Agreement.
Yours truly,
COMPANY NAME
OFFICER’S SIGNATURE OFFICER’S PRINTED NAME & TITLE
I certify that no changes have been made to this Confidentiality Agreement that have not been
clearly marked and initialed.
CONFIDENTIAL INFORMATION DELIVERY OPTIONS: (please check one)
✔ Electronic
_____ or _____ Hard copy (binder)
NAME OF CONTACT PERSON TO FORWARD INFORMATION
CONTACT ADDRESS
TELEPHONE NUMBER EMAIL ADDRESS
Option to Attach Business Card Here:
Accepted by Longshore Resources Ltd. this ___ day of _____________, 2022
Chris Lamb
Vice President, LandYou can also read
